The ascendancy of fee-based compensation in the independent broker/dealer space continues. Nearly 48 percent of advisors’ compensation comes from asset-based fees, up from 36 percent in 2011. Commissions accounted for another 48 percent of advisors’ pay...

Walter Bettinger, president and chief executive of Charles Schwab Corp, earned $11.8 million in cash, options and restricted stock awards in 2014, 7 percent below the $12.7 million he was paid in 2013...

U.S. Securities and Exchange Commission Chair Mary Jo White said on Tuesday she supports crafting new rules to harmonize the differing standards that govern how retail brokers and advisers offer investment advice...